Gatecoin Exchange Hacked for $2 Million

Summary

On May 09, 2016, cryptocurrency exchange Gatecoin was hacked, resulting in the theft of approximately $2 million in cryptocurrencies. Hackers gained access to the exchange’s hot wallets and stole funds.

Attackers

The identity of the hackers who carried out the attack on Gatecoin is unknown.

BTC Wallet:

ETH Wallets:

Losses

Gatecoin estimated the losses from the hack to be approximately $2 million. The stolen assets included:

  • 185,000 ETH
  • 250 BTC

Timeline

Security Failure Causes